Financials

Junior bankers at boutique firm Lazard are now the highest paid on Wall Street, after Lazard raised salaries for all associates by $50,000, according to a report.

Consumers are surprisingly doing well in terms of managing their credit despite pandemic challenges.

Last year as China Evergrande Group’s stock and bond prices seesawed, it offered deep discounts to keep sales growing during the pandemic and the government effectively said it had borrowed too much.

Dividends often provide larger income streams than bonds these days, but there are trade-offs involved.

Credit card expert Beverly Harzog explains the best ways to pay off your credit card debt.

Chinese officials brace for Evergrande collapse, fearing economic and social fallout, as a bail out for the property developer looks unlikely.

Billionaire investor John Paulson is divorcing his wife of 21 years, Jenny — and the stage is set for one of the most expensive splits of all time as the couple do not have a prenup, sources have exclusively confirmed to Page Six.

Evergrande's struggle to comply with financial restrictions imposed by regulators to curb rising debt in the Chinese economy has prompted fears a default might cause global shockwaves.

Evergrande troubles have spilled over into other areas of China's economy, hurting both Chinese and offshore investors.

While Evergrande is based in China, the White House is keeping close tabs on the situation.

Invesco Ltd. is in talks to merge with State Street Corp.’s asset-management business, people familiar with the matter said.

Massachusetts is fining MassMutual $4 million after accusing the company of failing to supervise an employee whose online cheerleading of GameStop’s stock helped launch the frenzy that shook Wall Street earlier this year

The company was founded in 2012 by Mr. Garcia’s son, Ernie Garcia III, inside his father’s chain of used-car dealers. Known for its car towers and home delivery, the online car dealer was spun off and taken public in 2017.

This should be the best of times for low-wage workers, as pandemic-induced labor shortages force employers to sharply raise pay. Yet for many, it doesn’t feel that way, because those same disruptions have pushed inflation to near its highest rate in over a decade.

Cohen, who is set to invest in quantitative trading firm, Radkl, will not be involved in the firm's day-to-day operations.

Mailchimp, which started as a web-design agency with an email-marketing service on the side, is now Intuit's largest deal ever.

Former Verizon executive, Guru Gowrappan, will step away from CEO role to become a senior adviser to Apollo’s private-equity business after overseeing Yahoo since 2018.

Bank of America chairman and CEO Brian Moynihan said the changes "position the company with highly energized leaders who are committed to driving Responsible Growth through its second decade – delivering for our clients, communities and shareholders, and addressing major societal issues."

The latest Social Security Trustees' report shows just how bad the situation is.

President Xi Jinping's "Common Prosperity" program puts foreign investors in danger, seeking to reduce inequality by distributing the rich's wealth to the general population.